The Income Tax Department has introduced a new update for taxpayers, where Form 26AS will now display whether your Permanent Account Number (PAN) is active and operative. This update allows taxpayers to easily check the status of their PAN through the Traces portal.
It's important to note that the deadline for linking PAN with Aadhaar has passed on June 30, 2023.
If taxpayers have not linked their PAN with Aadhaar, their PAN will become inoperative. However, the Central Board of Direct Taxes (CBDT) has issued a clarification on this matter shortly before the deadline expired.
According to the income tax department's tweet, individuals who have paid the penalty for linking their PAN with Aadhaar and have obtained consent but have not completed the linking process by June 30, 2023, will be reviewed by the income tax department before considering their PAN inoperative.
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